Oman: Data Storage Device Market 2024

Data Storage Device Market Size in Oman

The Omani data storage device market totaled $X in 2022, surging by 3.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a prominent expansion. Data storage device consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Data Storage Device Exports

Exports from Oman

In 2022, data storage device exports from Oman skyrocketed to X units, rising by 37% on the previous year's figure. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2017 when exports increased by 1,590%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, data storage device exports totaled $X in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 5,560% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X units) was the main destination for data storage device exports from Oman, with a 64% share of total exports. Moreover, data storage device exports to Qatar exceeded the volume sent to the second major destination, Iran (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar stood at +76.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+50.8% per year) and the United Arab Emirates (+0.6% per year).

In value terms, Qatar ($X) emerged as the key foreign market for data storage devices exports from Oman, comprising 65% of total exports. The second position in the ranking was held by Iran ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar totaled +73.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (+44.7% per year) and the United Arab Emirates (+9.1% per year).

Export Prices by Country

The average data storage device export price stood at $X per unit in 2022, reducing by -26.6% against the previous year. Over the period under review, the export price, however, recorded a moderate increase. The pace of growth appeared the most rapid in 2014 an increase of 272% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+8.5%), while the prices for the other major destinations experienced a decline.

Data Storage Device Imports

Imports into Oman

In 2022, the amount of data storage devices imported into Oman amounted to X units, growing by 6.8% on the year before. Overall, imports showed a slight increase. The most prominent rate of growth was recorded in 2017 with an increase of 115%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, data storage device imports expanded to $X in 2022. In general, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 96%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X units), the Netherlands (X units) and Qatar (X units) were the main suppliers of data storage device imports to Oman, together accounting for 51% of total imports. China, Mexico, Luxembourg, Bahrain, the Czech Republic, India, Hungary and Ireland lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Luxembourg (with a CAGR of +92.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of data storage devices to Oman, comprising 49% of total imports. The second position in the ranking was held by Luxembourg ($X), with a 7.4% share of total imports. It was followed by the Netherlands, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Luxembourg (+111.9% per year) and the Netherlands (-5.9% per year).

Import Prices by Country

The average data storage device import price stood at $X per unit in 2022, dropping by -3.9% against the previous year. In general, the import price, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2015 an increase of 109% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :